During the 60-day property assessment review period, we encourage property owners to check the property details for accuracy, compare your property's assessment to similar properties and contact an assessor for more information, questions or concerns.
Market value assessments
Market value is the amount that a property might be expected to realize if it is sold on the open market by a willing seller to a willing buyer. Market value assessments are done using mass appraisal techniques. This determines property values by grouping similar properties as of a specific date. The purpose of assessment is not to reflect a single sale price, but to assess all properties at typical market value on the same valuation date.
Assessment value factors
Assessors consider many of the same factors that a homeowner does when they choose to purchase a home. Some of the factors that determine the value of your home include:
Unique locational factors such as proximity to golf courses, parks, ponds, river, train and high traffic areas attribute to your assessment value.